Apr 14, 2012

released the results of its Primary Mortgage Market Survey® (PMMS®) on the 12th of April 2012, showing average fixed mortgage rates declining for the third consecutive week on the heels of a weaker than expected employment report. The 30-year fixed averaged just above its record low while the 15-year fixed averaged a new all-time record low of 3.11 percent breaking its previous low of 3.13 percent on March 8, 2012.

News Facts

30-year fixed-rate mortgage (FRM) averaged 3.88 percent with an average 0.7 point for the week ending April 12, 2012, down from last week when it averaged 3.98 percent. Last year at this time, the 30-year FRM averaged 4.91 percent.

15-year FRM this week averaged 3.11 percent with an average 0.7 point, down from last week when it averaged 3.21 percent.A year ago at this time, the 15-year FRM averaged 4.13 percent.